If you are searching for the meaning of Credit insurance in real estate and also a definition of Credit insurance, then this blog post is helpful for you
Definition
Insurance a lender offers or requires a borrower to purchase to cover the loan. If the borrower dies
or becomes disabled before paying off the loan, the policy will pay off the remaining balance.
Federal and state consumer protection laws require the lender to disclose to existing and potential
borrowers the terms and costs of obtaining credit insurance because it can affect the terms of the
loan.
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